iShares MBS ETF (NASDAQ:MBB) Hits New 1-Year Low – Here’s Why

iShares MBS ETF (NASDAQ:MBB) hit a new 52-week low during mid-day trading on Friday . The company traded as low as $92.79 and last traded at $92.80, with a volume of 1038498 shares traded. The stock had previously closed at $93.29.

iShares MBS ETF Stock Performance

The business’s 50 day moving average is $94.04 and its two-hundred day moving average is $94.83.

iShares MBS ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were given a dividend of $0.3373 per share. The ex-dividend date was Wednesday, July 1st.

Hedge Funds Weigh In On iShares MBS ETF

Several hedge funds have recently modified their holdings of the stock. ESL Trust Services LLC bought a new stake in iShares MBS ETF in the 4th quarter valued at $28,000. Brown Lisle Cummings Inc. purchased a new position in shares of iShares MBS ETF during the first quarter valued at about $28,000. First Community Trust NA bought a new stake in shares of iShares MBS ETF in the first quarter worth about $32,000. Nemes Rush Group LLC increased its holdings in shares of iShares MBS ETF by 132.9% in the fourth quarter. Nemes Rush Group LLC now owns 361 shares of the company’s stock worth $34,000 after purchasing an additional 206 shares during the last quarter. Finally, Beaird Harris Wealth Management LLC purchased a new stake in shares of iShares MBS ETF in the second quarter worth about $34,000. Hedge funds and other institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Company Profile

iShares MBS ETF (the Fund), formerly iShares Barclays MBS Bond Fund, is an exchange-traded fund (ETF). The Fund seeks investment results, which correspond to the price and yield performance of the Barclays Capital U.S. MBS Index (the Index). The Index measures the performance of investment grade mortgage-backed pass-through securities issued by the Government National Mortgage (GNMA). The Index measures the performance of investment grade mortgage-backed pass-through securities issued by the Government National Mortgage Association (GNMA), Federal National Mortgage Association (FNMA) and Federal Home Loan Mortgage Corporation (FHLMC).